salvage value

Definition

The estimated value of an asset at the end of its useful life.

Use salvage value in a sentence

You should always look for any salvage value from any old machinery that you need to replace in your factory.

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When it comes down to it, a BMW, a hippie bus, and your dad's old clunker all have the same salvage value in the end.

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In calculating the depreciation on our assets we typically allow for a 10% salvage value anticipated to be received upon sale at the end of its useful life.

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salvage and subrogation straight line depreciation